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Helpful - fact is you did not covert at .2p.
If you were confident $10m was coming you would have converted. And made a killing
Let readers conclude from you sitting on your hands a rather more pessimistic real position as opposed to the bluster you post on here.
Yeah Spec, listen to Banbury he is always right regardless of the facts.
🤣🤣🤣 the other clown is back, it’s like a bleedin circus here
News out
The new mining equipment includes a JCB 456ZX wheel loader and a JCB JS305
tracked excavator which are in addition to the Kobelco SK380XDLC excavator, a
JCB 3CXbackhoe loader, two new JCB 456ZX wheel loaders, and two new Bell B25E
articulated dump trucks which arrived on site in Q2 2023
· The new equipment will further increase the mining capacity at Blesberg
above the current approx. 1,000 tonnes of material moved daily.
Opps its Marula mining (MARU.L) again today. Not RRR.
Where are AB's big yellow machines ?
So the conversion minimum at 0.2p!!!!
That is amazing!
That means bond holders believes that sp is going much higher than 0.20p!!
Minimum 0.20 and maximum 0.60!!! Wowww that is nice!!!
I believe more than one news is in horizon………..!!
10mil on route first……………….
marula mining (maru.l) south africa blesbury assert today came back with assays of unprocessed sorted lithium ore at 6.5% li i. its probably the highest grades of any lithium miner.
look what prem has to do to get their 2% ore up to 5%. all that equipment.
backed by qgc's (qwned by south africa's self made billionaire *****on van de burgh, who will becomes chairman once they move from aqse to aim). qgc have sourced the big yellow machines. a off take agreement will be announced within 2 weeks jason and *****on are a different class to ab.
https://www.youtube.com/watch?v=mjchxwphqgo
Helpful didn't convert spec.
He prefers the safety of the CLN.
Conversion rate less than 20 %.
Inference to me is news [ they will be in the know] but not spectacular so no $10m from DRC
I believe Marula are very close to Red Rock, this tweet tells you all you need to know. I fully believe there is a potentially very positive reason for the silence from RRR concerning Lithium in Zimbabwe.
Bell did mention RRR had interest from a third party and a NDA was in place - Jason Brewer (Marula CEO) said they were looking to acquire/do deals with nearby properties/licences - a deal between the two would make some commercial sense IMO.
https://twitter.com/Chuggley1/status/1688516744103514112?s=20
#Lithium grade from 3rd party assay 6.5% That's massive
Makes no difference we haven’t got any of either to sell
This was interesting -conversion into RRR at .2 which is above current market---News soon?
"Conversion of Notes
Subsequent to the Extension of the Notes, the Company has received notice of the conversion of £127,000 of the Notes into 63,500,000 new Shares at a price of 0.2p a Share.
Is the grade if lithium sufficient for commercialisation?
RRR's recent twitter posts reflect a greater preoccupation with copper than with lithium!
"......news that's is expected to be imminent"
Expected! 😂
TDT
SP holding up well considering. Not sure what buyers are seeing at this level. 0.14p might be more tempting for a trade....
A quick search reveals no evidence of significant interest in the proposed IPO. RRR's 4.6% interest in ELEP is the least of shareholders' concerns.
Indeedy, the conversion price can only be higher. The give up for the certainty is the loss of the interest.
The person that's has already converted £127k of the loan notes probably did so as to achieve the lowest possible conversion price. If there is a big rise in the share price in the near term then the conversion price will increase significantly, especially if there is also big volume which is likely on the news that's is expected to be imminent
What sort of trades are they ? Bed'n'SIPP ?
The 15mils are mine before all the pyschos on here start wetting themselves.
Banbury, how do you manage to get everything so wrong all the time?
So I am simultaneously seeking to ramp the share price and manipulating it for a lower share price? Weren't you and Dukey the ones telling me that the CLN holders were in a bind and had no good way out? I told you that the CLN owners were in a good position and there was no problem.
If we hadn't agreed to rollover and had instead demanded repayment, RRR would have had to declare it was in default.
RRR had no headroom to issue new shares, it would have to call a GM to authorise the issue of new shares and it would then have to do a placing to get the funds. In the meantime, we could have issued a statutory demand and seized the assets within the time period required to secure the necessary authority. Any placing would be at a much lower price than 0.2p or the 30 day VWAP. You and any other shareholders should be thanking us.
What it does show is that you and the other trolls really don't understand what you are going on about.
The only reason for rolling over is because we expect good news in due course. It might be this week or it might next week and so on but it is not a year off.
If I was a cynical manipulator then I would have been deramping as hard as you and the other trolls.
The truth and reality is that the DRC cash has been expected for weeks, so has news on ALR and on Elephant: any one of those coming in and the share price would be higher. Those news items not coming in yet is reflected in the current share price.
DYOR
"Subsequent to the Extension of the Notes, the Company has received notice of the conversion of £127,000 of the Notes into 63,500,000 new Shares at a price of 0.2p a Share."
Somebody deciding its better to get out with something rather than nothing by the looks of things.
63,500,000 coming your way.
TDT
Mr. Bell, please inform shareholders as to what you did during your most recent trip to DRC and what successes (if any ) and failures (if any) or non-events arose in respect of RRR; i.e. please can you provide a comprehensive update. Thank you.
It’s not me destroying share holder value Bell has done a fantastic job of it 🤣🤣 sorry I mean you have .
Helpful to be clear you had the company over a barrel as they have no cash.
You used that to significantly enhance the terms and no doubt have a charge over the assets should it all go pair shaped
You are in a win win.
The lack of news was to your advantage and no doubt was all be design.
You don't lose on RRR and never will because of the rather unique position you have.
It's below the belt to suck others in as you have done for so many years when you personally benefit from indirect interest rather than direct interests and whether the Sp goes up or down.
If you had any principles you would stand back from ramping due to the conflict but principles is not your bag.
Don't do yourself down, you do the clown thing and stupid remarks thing rather well.
Good luck with your constant deramping.
There is no way I could fill your Clown boots 🤡